Question-and-Answer Session
Operator
(Operator instructions). And your first question comes from the line of Sharon Lui with Wachovia. You may proceed.
Sharon Lui – Wachovia
Hi, good morning.
Barry Davis
Good morning, Sharon.
Sharon Lui – Wachovia
Just wondering if the pipeline anomalies on Boardwalk, the Gulf Crossing pipeline may have on your operations. What type of impact, if any?
Barry Davis
Yes. Sharon, as indicated in our numbers here, at the end of the first quarter we are moving 350 million a day across our North Texas pipeline, which is the pipe that we would use to deliver into the Gulf Crossing. And so, we are near capacity and don’t expect that will have any impact on our operations. We are able to move the gas to other places. Look forward to that improving; as we understand it, it will be a month-by-month improvement and by mid-year, we expect to be – it to be fully operational. But in the meantime, we don’t expect it to have an impact on us.
Sharon Lui – Wachovia
Okay. Also, if you can provide some detail on the assets earmarked for sale? Looks like the EBITDA run rate might be about $36 million.
Barry Davis
Sharon, first of all, broadly, we are not going to comment on specific assets and details in that regard. We just believe that is strategically disadvantageous for us to communicate too much around those asset sales. But Bill, do you have a comment on the EBITDA?
Bill Davis
No, that’s about right.
Sharon Lui – Wachovia
Okay. And Bill, maybe if you could just comment on the interest expense? It looks pretty low in comparison to your full-year guidance.
Bill Davis
The – I think the difference, Sharon, is there is only month in the current period of the new amendment that’s impacting the quarter versus what’s in the full-year guidance, which assumed all 12 months of the adjustment would be in place frankly and then in addition, as you see in the statement, we’ve adjusted out a portion of the interest expense in the quarter to associate it with the discontinued operations.
Sharon Lui – Wachovia
Okay. Thank you.
Barry Davis
Thanks, Sharon.
Operator
And your next question comes from the line of John Edwards with Morgan Keegan & Company. You may proceed.
John Edwards – Morgan Keegan & Company
Yes, good morning everybody.
Barry Davis
Good morning, John.
- To read the full transcript on Seeking Alpha, click here »



